As treasurer of CCM, Inc. part of your job is to invest short term funds. Your cash budget forecast indicates the firm will generate $10 million of surplus funds in 2 months, which is March 1. The funds can be invested for 90 days. The current cash market 90 day rate on Treasury bills is 5.50% and the current futures rate on 90 day Treasury bills is 5.70%. Your investment company requires $2,000 of initial margin per $1 million contract and the round trip commission rate is $100 per contract. Assume that in 2 months, the 90 day cash rates rises to 6% and the 90 day futures rate rises to 6%. What is the net position from the hedge?